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Wheels in motion for London Grand Prix?

Thursday, July 13, 2017 - 01:49

A Formula One event that saw motor-racing cars showcased on London's streets has revived the prospect of a long-touted Grand Prix event becoming a reality in the city. But does the potential boost to business outweigh the costs and the disruption of closing parts of the UK capital for days? Kate King reports.

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The streets of London heating up, ahead of this weekend's British Grand Prix. But the smell of burning rubber could be sticking around with talk of reviving plans for a street race through England's capital. The proposal spinning the wheels of some of the sports top drivers - although, even they could spot the immediate hazards. (SOUNDBITE) (English) SEBASTIAN VETTEL, FERRARI, SAYING: " I don't know if it's possible to shut down a city for an entire weekend, like London. We do it in other places so it's not impossible, but yeah." (SOUNDBITE) (English) JENSON BUTTON, RACING DRIVER, SAYING: " I think we all love racing in the street, especially a city like London. You know, it's a very different type of driving , I think it definitely adds to the excitement of us racing around streets that London buses are driving on and London taxis." On Tuesday, Silverstone race track , which hosts the British Grand Prix, activated a break clause in its contract. It says a new cheaper contract needs to be negotiated or 2019 will be the last race at the central England circuit. Since then F1's boss has told Reuters that the sport's new owners - Liberty Media- are interested in bringing Formula One to more city-based race tracks. SOUNDBITE (English) OANDA SENIOR MARKET ANALYST, CRAIG ERLAM, SAYING: "There's going to have to be a number of streets closed and I think the disruption and that causes to a city as busy as London could be quite extreme. But I think what we've seen before with the Olympics for example is that we have managed to deal with this quite successfully. I think what we've learned from London 2012 was it's not just a monetary gain, but I think it's just a general boost that it brings to the city from hosting such a prestigious event." Indeed, if a proposal was put forward there's no doubt the drivers wouldn't be the only ones racing to get their hands on some money.

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Wheels in motion for London Grand Prix?

Thursday, July 13, 2017 - 01:49